Veken Technology Co., Ltd. Provides Earnings Guidance for the Year 2019
January 20, 2020
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Veken Technology Co., Ltd. provided earnings guidance for the year 2019. The Company predicts that it will suffer a loss in its net profit belonging to shareholders of the company in 2019, with the net loss belonging to shareholders of the company to be about RMB 37 million. The net loss belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 52 million.
Veken Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of lithium-ion batteries. The Company's consumer electronics products include pure manganese batteries, ternary batteries, ternary manganese-added batteries, ternary cobalt-added batteries, and pure cobalt batteries, which are mainly used in smartphones, laptops, power banks, smart homes, and drones. The Company's small power battery products include lithium iron phosphate batteries and ternary batteries, which are mainly used in electric two-wheeled vehicles, power tools and other fields. The Company distributes its products within the domestic market and to overseas markets.
VEKEN TECHNOLOGY CO., LTD. 
